I know that this is a late response in the thread but I wanted to put the information out there in case I can assist a Podiatrist in the future. I have been a mortgage lender for over 14 years and have worked for two banks that had doctor loans. However, they excluded Poiatrists for some reason. I am happy to announce that my bank offers our Doctor loans to practicing Podiatrists in TX and OK! For a purchase price of $525,000, you can put as little as 5% down and there is no private mortgage insurance. We also offer only 10% down for a loan amount up to $650,000. Please feel free to contact me for additional details.
The rule of thumb is; if you are getting a lot of showings and no offers then your are close but not quite there on price. A 3% reduction will get you an offer maybe multiple offers!
I just had a listing at $375,000. It got tons of showings but no offers. Whe we reduced it $364,900 we got 3 offers and it sold at $358,000.
Good luck. September brings out more buyers. August gets slow because everyone is on vacation and getting ready for school.... more
I would love to discuss option with you. You can contact me at 631-316-7272. We can take a looka t alkl the numbers and guide you through the processof buying a home. You guys have great credit and this loan would not be challenging.
Look froward to hearing from you !
Bank Financing - not a broker... more
Consider employment before making any purchase; lenders have their income v. debt criteria for qualifying for the amount of a mortgageâ€”oftentimes requiring that housing costs are not in excess of one-third of gross income in addition to a stipulated income v. overall debt-ratio. What lenders donâ€™t know are borrowersâ€™ non-debt spending habits, present and anticipated. You, the borrower, need to consider the economic factors of your lifestyle that would impact on your individual comfort level of affordability. A mortgage outside your budgetary constraints can dramatically alter your overall living conditions. So, be sure to factor micro and macro economic concerns into your mortgage amount deliberations.... more